William Blair Investment Management LLC Boosts Stake in Onto Innovation Inc. $ONTO

William Blair Investment Management LLC lifted its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 80.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,981,761 shares of the semiconductor company’s stock after acquiring an additional 882,901 shares during the period. Onto Innovation makes up 0.7% of William Blair Investment Management LLC’s investment portfolio, making the stock its 29th biggest position. William Blair Investment Management LLC owned about 4.04% of Onto Innovation worth $256,083,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ONTO. Vanguard Group Inc. raised its position in Onto Innovation by 5.5% during the third quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock valued at $732,342,000 after purchasing an additional 294,393 shares in the last quarter. Paradigm Capital Management Inc. NY increased its position in shares of Onto Innovation by 0.7% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock valued at $112,319,000 after purchasing an additional 7,900 shares during the last quarter. Geneva Capital Management LLC increased its position in shares of Onto Innovation by 6.5% during the 2nd quarter. Geneva Capital Management LLC now owns 1,081,662 shares of the semiconductor company’s stock valued at $109,172,000 after purchasing an additional 66,339 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Onto Innovation by 1,510.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock valued at $90,956,000 after purchasing an additional 845,213 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Onto Innovation by 4,494.6% during the 3rd quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock valued at $111,974,000 after buying an additional 849,702 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $215.25 on Friday. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $232.49. The company’s 50 day moving average price is $198.86 and its 200-day moving average price is $154.00. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 77.71, a P/E/G ratio of 1.13 and a beta of 1.50.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The firm had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. During the same period in the previous year, the company earned $1.51 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, equities research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ONTO has been the subject of several research reports. Cantor Fitzgerald raised Onto Innovation from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $170.00 to $275.00 in a research note on Monday, February 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a report on Thursday, January 22nd. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Finally, Needham & Company LLC upped their price target on shares of Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.50.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.